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SAASU also called “software as a service” is one of the best cloud-based accounting solutions that first appeared 15 years ago. SAASU is the result of joint effort by Marc Lechmann (finance director at Deutsche Bank) and Grant Young. It is a prize captivating online accounting application that has made it easier for business owners to save time. This Australian owned company was able to bag the CeBIT Business advantage award in two corresponding years- 2007 and 2008. Also this company was ranked as one of the best Web 2.0 business in 2008. Likewise, ICB declared SAASU as a top bookkeeping solution for Australian business. Though the use of software is more inclined towards Australian market, but there are few companies in U.S. that uses this software. But companies whose business is centered in sales tax and payroll prefer some other software over SAASU. So, for those businesses that are concerned in only one state, SAASU is the best choice.

The three most important features of SAASU are: bank reconsolidation, time saving and inventory management. Other remarkable features of SASSU are listed below:

Transactions including balance, sales and upcoming payments along with all the contacts are easily viewable.

It is easier to send statements and reminder with SAASU.

Online payment using credit card or PayPal payment options.

Adding business and employees expenses and attaching receipts using mobile app is easy with SAASU.

Everything can be facilely kept up to date.

The facility of forecaster allows seeing future cash flow.

The inventory and supply chain tools help to track inventory.

SAASU payroll function is designed especially for Australia but it can also be used in other U.S. companies.

The export and import of information becomes easy with SAASU; like contacts, inventory, etc.

Using SAASU also allows you to add activity to any required transactions.

These are few listed features of SAASU. Beside this using this software also allows many other facilities to the business. No installation because this is a web hosted software. Moreover this software is well-suited to any operating system. Therefore SAASU is easy to use software and well matched for all types of business especially small business allowing both accrual and cash basis accounting system. Also most of the users find this company helpful, responsive and active. Therefore SASSU is able capture a good market serving Australian companies with several advantages.

Price: Trial version of 30 days is allowed for SAASU. Once the trail version expires; you are provided four pricing level; small, medium, large and extra large.

Large:

Extra large:

Price: AUD$180 per month.

100,000 transactions per year.

20 bank feeds.

100 Staff payroll.

The use of SSL encryption along with physical and electronic safeguards provides a good security system in SAASU. Also the customer support provides immediate answer to your queries; you can either E-mail, call, check the online help centre, blog, videos, Facebook page for more information about this software.

Though this software offers several advantages and benefits; still using SAASU can be disadvantages in few respects. No automated method or way to match transactions to existing invoices and no method to compare transaction with expenses. Also since software is mostly made for Australian users, it is difficult for use in US companies. Though there are few complains but slowly these problems are looked upon by the company and hence lots of improvement has been bought in this software.

Conclusion:

SAASU is excellent software specifically in case of banking reconciliation and inventory management. Also for Australian business it offers great advantages. The small pricing and easy to use plan are important reasons for using this software. But depending on your requirement you need to check the features that are suitable for your business and hence pursue the desired plan.

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